# USDG Backing Assets

Besides maintaining a hard 1:1 peg, the actual cash reserves are deployed to limit storage liability yet maintain high liquidity. Gypsy's holdings can be seen in real-time on the [explorer page](https://gypsytoken.org/explorer) on gypsytoken.org. Gypsy will post monthly documents going over holdings 

### Asset breakdowns are as follows:

<figure><img src="/files/I8brdykafNk3f2SMCkNv" alt=""><figcaption></figcaption></figure>

<table><thead><tr><th width="572">Holding</th><th>Percentage</th></tr></thead><tbody><tr><td>Cash &#x26; Cash Equivalent &#x26; Commercial Paper</td><td>90%</td></tr><tr><td>Corporate Bonds &#x26; Funds &#x26; Precious Metals</td><td>4.5%</td></tr><tr><td>Secured Loans (none to affiliated entities)</td><td>5.5%</td></tr></tbody></table>

### Cash & Cash Equivalent & Commercial Paper breakdown:&#x20;

<figure><img src="/files/uebwnNKaDvM8eG9acXXC" alt=""><figcaption></figcaption></figure>

<table><thead><tr><th width="589">Holding</th><th>Percentage</th></tr></thead><tbody><tr><td>U.S. Treasury Bills</td><td>55%</td></tr><tr><td>Commercial Paper &#x26; Certificate of Deposits</td><td>29%</td></tr><tr><td>Money Market Funds</td><td>9.8%</td></tr><tr><td>Cash &#x26; Bank Deposits</td><td>5.8%</td></tr><tr><td>Non-U.S. Treasury Bills</td><td>0.4%</td></tr><tr><td>Reverse Repurchase Agreement</td><td>1%</td></tr></tbody></table>

## How does $USDG manage its backing holdings?

Gypsy holds all cash deposited throughout the day and makes a purchase of non-cash assets at 12 pm EST every day. If there is a large withdrawal from USDG holders, then Gypsy will automatically begin selling non-cash assets for cash to always maintain liquidity.&#x20;


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